Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United Arab Emirates - 2022

Contents:

1. Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United Arab Emirates (CIF) - 2022
2. Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United Arab Emirates (FOB) - 2022
3. Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United Arab Emirates
4. Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United Arab Emirates

Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United Arab Emirates (CIF) - 2022

The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $2,885 per unit in 2022, rising by 58% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings increased by +107.7% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($3,053 per unit), while the price for Germany ($849 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United Arab Emirates (FOB) - 2022

The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $955 per unit in 2022, reducing by -54.9% against the previous year. Over the period under review, the export price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2020 an increase of 111%. Over the period under review, the average export prices attained the peak figure at $2,117 per unit in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($2,654 per unit), while the average price for exports to Nepal ($38 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United Arab Emirates

In 2022, approx. 219K units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were imported into the United Arab Emirates; waning by -25.9% compared with 2021. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 72%. As a result, imports reached the peak of 296K units, and then plummeted in the following year.

In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings soared to $632M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to the United Arab Emirates in 2022:

1. Switzerland (196.8K units)
2. China (9.6K units)
3. Japan (4.1K units)
4. Germany (2.3K units)
5. United States (1.8K units)
6. Hong Kong SAR (0.2K units)

Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United Arab Emirates

In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings exported from the United Arab Emirates skyrocketed to 147K units, increasing by 319% on the year before. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $141M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from the United Arab Emirates in 2022:

1. Saudi Arabia (49.1K units)
2. United States (28.8K units)
3. Qatar (9.5K units)
4. Switzerland (8.5K units)
5. Kuwait (8.3K units)
6. Nepal (4.5K units)
7. India (4.3K units)
8. Hong Kong SAR (4.2K units)
9. Thailand (3.6K units)
10. South Africa (3.1K units)
11. Pakistan (3.0K units)
12. France (2.6K units)
13. Spain (2.6K units)

Source: IndexBox Market Intelligence Platform